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3 years ago

8

Financial performance measures ______. are all based on leading indicators may cause managers to make decisions that won't be op

timal in the long run focus on past, not future performance encourage managers to focus on improving customer satisfaction

1 answer:

AnnyKZ [126]3 years ago

6 0

Answer:

x

Explanation:

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Since the acme global corporation closed six of its plants last year, employees at the other plants have been feeling a great de

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4 years ago

For each separate case, record an adjusting entry (if necessary). Barga Company purchases $20,000 of equipment on January 1. The

zvonat [6]

Answer:

Explanation:

Depreciation: It is a reduction value in the assets due to tear and wear, usage of fixed assets, obsolesce. The depreciation expense is shown in the income statement whereas the accumulated depreciation is shown in the balance sheet under the assets and this amount is deducted from the value of the fixed assets

The adjusting entries are shown below:

For equipment:

Depreciation expense A/c - Equipment Dr $3,600

To Accumulated depreciation - Equipment $3,600

(Being depreciation expense adjusted)

For land:

No journal entry is required as land is not depreciated.

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4 years ago

The district bank in each of the districts labeled in the above map is led by a __________.

inna [77]

The answer is d governor I think

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3 years ago

Read 2 more answers

According to research presented in class, Hill and colleagues demonstrated that during times of economic downturn women were mor

Artemon [7]

Answer:

A) Women wanted to make themselves feel better by buying nice things.

Explanation:

The idea of looking better made them feel better about the economic downturn. If everything else is going bad, at least they would have their looks intact which has a psychological impact on their confidence.

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3 years ago

Here is the income statement for Skysong, Inc. SKYSONG, INC. Income Statement For the Year Ended December 31, 2017 Sales revenue

Semenov [28]

Answer:

a. The Earnings per share is $2.64 per share

b. The Price-earnings ratio is 5.30 times

c. The Payout ratio is 26.44%

d.The Times Interest earned is 7.76 times

Explanation:

a. In order to calculate the Earnings per share we would have to use the following formula:

Earnings per share = [Net Income - Dividend on preferred stock] / Average outstanding common shares

Average outstanding common shares = [24,700 shares + 37,100 shares]/2 = 30,900 shares

Earnings per share = [$86,600 - $4,900] / 30,900 shares = $2.64 per share

b. In order to calculate the Price earnings ratio we would have to use the following formula:

Price earnings ratio = Market price per share / Earnings per share

Price earnings ratio = $14 / $2.64 = 5.30 times

c. In order to calculate the Payout ratio we would have to use the following formula:

Payout ratio = Dividend / Net Income

Payout ratio = $22,900 / $86,600 = 26.44%

d. In order to calculate the Times Interest earned we would have to use the following formula:

Times Interest earned = Earnings before interest and taxes / Interest Expense

Earnings before interest and taxes = Net Income + Interest Expense + Taxes = $86,600 + $16,700 + $26,400 = $ 129,700

Times Interest earned = $129,700/ $16,700 = 7.76 times

4 0

3 years ago